What moves the cryptocurrency market?


Bitcoin moves the cryptocurrency market  Its dependency on the US dollar increased  Bitcoin holders better believe that the US dollar is in a bearish market Investing in the cryptocurrency market is not for everyone. Volatility, for example, is much higher than in other markets.  Sometimes, for no apparent reason, the prices of various cryptocurrencies bounce

Decentraland’s MANA defies gravity to jump 20% but will buyers be relentless?


Decentraland’s MANA has surged by over 20% in the week Most gains came when the metaverse platform announced an open-cross competition MANA’s long-term recovery remains tied to the crypto sentiment Decentraland’s (MANA/USD) rose by 12% over the weekend, taking the weekly gains to over 20%. The surprise gains come after a prolonged bear market that

ApeCoin staking launches with a thud! Will bulls overcome relentless bears?


ApeCoin gained 3% on Friday and remains green over the week ApeCoin will start to issue staking rewards on December 12 The cryptocurrency faces resistance approaching the upper limit of descending channel ApeCoin (APE/USD) staking functionality is no longer a dream – it’s a reality. Staking rewards are set to begin on December 12. Apes are

Has Polygon’s MATIC lost its mojo, or should you buy it now?


Polygon token has lost 2% in the day and 6% in a week Bulls continue to defend $0.77 amid weak momentum We need further price action to ascertain the potential direction for MATIC. Polygon’s (MATIC/USD) is one of those cryptocurrencies that has endured the bear turbulence quite well. The cryptocurrency looked prime for a sustained recovery

Bitcoin maintains its price above $16k but could dip lower soon


Bitcoin has lost more than 20% of its value over the last seven days and could record further losses this week. The cryptocurrency market has recorded perhaps its worst week so far this week. Bitcoin and the other leading cryptocurrencies have been underperforming over the past few days. Bitcoin, the world’s leading cryptocurrency, has lost

Has Cosmos ATOM finally found a bullish footing?


Cosmos ATOM/USD has climbed 2% in the past day to consolidate weekly gains at 17% as cryptocurrencies recover. ATOM currently trades at $13, with a market valuation of over $3 billion. Equally, Cosmos has registered significant activities as daily trading volumes rose 63% to $628 million. A broader outlook shows that the interoperability token is 59%

Ethereum Classic forms a bullish pin bar at support. What’s the outlook now?


Ethereum Classic (ETC/USD) buyers have defended the $23 support after the price temporarily broke below it. The price is stabilising slightly above the support after recovering by more than 8% in the past 24 hours. But can the cryptocurrency sustain a further recovery? Macro developments and Ethereum Classic’s own fundamentals are likely to be key

Where is optimism OP after Ethereum Merge?


Optimism token has, alongside L2 Ethereum solutions been surging ahead of the Merge. Optimism witnessed strong fundamentals in July and August. OP could fall by a further 22%. Optimism OP/USD is a Layer-2 scaling for the Ethereum network. Its role is to facilitate less costly and quick transactions on Ethereum. Following the Ethereum Merge, eyes

Axie Infinity is painting a giant bearish pattern — will AXS price crash another 95%?


Axie’s monthly revenue has dropped over 98% from its August 2021 peak of $364.4 million. Axie Infinity (AXS) has been forming a giant bearish reversal pattern since July last year, which could send its prices down by another 95% in 2022.AXS risks one big breakdownDubbed the “inverted cup and handle,” the pattern is identified by…

When to buy Fantom token as price stays clear of the breakout zone


Fantom token holds above $0.288 breakout support The cryptocurrency is strong but is stalling as most tokens endure market corrections. Investors should wait to buy FTM after a retracement, potentially towards $0.288 Fantom FTM/USD is one of the cryptocurrencies that has staged recoveries recently. The cryptocurrency breached key resistance at $0.288 following strong gains. The…

Pump and dump: top 3 cryptos being pumped this weekend


Pump and dump schemes have become relatively popular in the cryptocurrency industry these days. It has become so common to see coins surge for no single reason and then crash in the following day. Notably, these regular pumps have become useful trading strategies among market participants. Here are some of the top coins being pumped…

Two top cryptocurrencies that could make a V-shaped recovery


The cryptocurrency market seems to have found the bottom and is on a rebound. The total cryptocurrency market has jumped by 4% to $964 billion in under 24 hours. If the current momentum continues, the market could push through the trillion-dollar mark before the end of June. Most altcoins are already making double-digit gains signaling…

‘Can it get any easier?’ Bitcoin whales dictate when to buy and sell BTC


Whale buying and selling has effectively told traders how to position their bids and asks, data reveals. Bitcoin (BTC) left both long and short traders behind in May and June, but data suggests trading it may be “easier” than many imagine.According to on-chain analytics resource Whalemap, Bitcoin whales have all but dictated market performance in…

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